How to Get a Loan for Transportation Equipment and Supplies Merchant Whole

Looking for business loans for transportation equipment and supplies merchant whole? An SBA loan may be just what you've been looking for. This $500,000 transportation equipment and supplies merchant whole loan was issued by a Florida bank.

Fastcol, Inc. received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Eagle National Bank Of Miami, out of Miami, Florida. The loan was granted and they received $500,000 to help grow their Miami, Florida business.

SBA Loan Borrower

FASTCOL, INC.
2918 NW 108 AVE
MIAMI, FL 33172

SBA Loan Lender

EAGLE NATIONAL BANK OF MIAMI
8200 NW 33RD ST, STE 400
MIAMI, FL 33122

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423860 - Transportation Equipment and Supplies (except Motor Vehicle) Merchant Whole

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower, Fastcol, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 8/26/2006.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Fastcol, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Business Cash Advances

SBA 7A Banks for Miami, Florida Loans

Florida SBA 7A Banks

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